2024

Bitcoin

Million

Read

<ul>
 <li>MicroStrategy acquires 9,245 BTC, totaling 214,246 BTC in treasury.</li>
 <li>This latest acquisition brings MicroStrategy’s BTC holding to 1% of its total supply.</li>
 <li>Saylor’s bold move amidst market volatility reinforces crypto leadership.</li>
</ul>
<p><a href="https://www.microstrategy.com/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, the business intelligence firm led by CEO Michael Saylor, has made another significant move in the crypto space. On March 18, 2024, the company announced the acquisition of an additional 9,245 bitcoins, valued at approximately $623.0 million.</p>
<p>This <a href="https://www.microstrategy.com/press/microstrategy-acquires-additional-9-245-btc-and-now-holds-214-246-btc_03-19-2024" rel="noopener noreferrer nofollow">purc</a><a href="https://www.microstrategy.com/press/microstrategy-acquires-additional-9-245-btc-and-now-holds-214-246-btc_03-19-2024" target="_blank" rel="noopener noreferrer nofollow">h</a><a href="https://www.microstrategy.com/press/microstrategy-acquires-additional-9-245-btc-and-now-holds-214-246-btc_03-19-2024" rel="noopener noreferrer nofollow">ase</a> was made using proceeds from convertible notes and excess cash, at an average price of around $67,382 per bitcoin. With this latest acquisition, MicroStrategy now holds a staggering 214,246 bitcoins in its treasury, acquired for approximately $7.53 billion, at an average price of $35,160 per bitcoin.</p>
<p>Michael Saylor’s unwavering advocacy for Bitcoin has been evident for many years. He views <a href="https://cryptonewsland.com/michael-saylor-bitcoin-to-outshine-gold-real-estate-sp/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin as the epitome of financial freedom</a> and has consistently advocated for its adoption. Despite the recent dips in the Bitcoin market, Saylor remains steadfast in his belief, doubling down on his investments during historic downturns.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/203c.png" alt="‼" class="wp-smiley" style="height: 1em; max-height: 1em;">MicroStrategy now officially owns +1% of the 21 million Bitcoin that will ever be issued with 214,246 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> in its corporate treasury. <a href="https://t.co/vK8WDQIBMH" rel="noopener noreferrer nofollow">pic.twitter.com/vK8WDQIBMH</a></p>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1770066351513653665?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 19, 2024</a>
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<p>This latest acquisition by MicroStrategy represents a significant milestone, as it now officially owns over 1% of the total 21 million bitcoins that will ever be issued. More so, MicroStratrgy’s total holding also means that it owns more BTC than the government of China (194,000 BTC) and the government of USA (210,000 BTC).</p>
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   <p lang="en" dir="ltr">Congrats, Michael!<a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Microstrategy</a> now owns more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> than the gov of China<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1f3.png" alt="🇨🇳" class="wp-smiley" style="height: 1em; max-height: 1em;"> (194K BTC) and the U.S. gov<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (210K BTC), with a total of 214K BTC. <a href="https://t.co/YkjSk6PZLN" rel="noopener noreferrer nofollow">https://t.co/YkjSk6PZLN</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1770314937828565021?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 20, 2024</a>
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<p>Saylor’s commitment to cryptocurrency is underscored by this bold move, especially amidst recent market volatility that saw $663 million liquidated in the past 24 hours. While many traders succumbed to fear and panic selling during the recent market dip, Saylor’s decisive action to buy further reinforces his leadership in the crypto community.</p>
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   <p lang="en" dir="ltr">JUST IN: $663 million liquidated from the cryptocurrency market in the past 24 hours.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1770096018928865661?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 19, 2024</a>
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<p>His strategy serves as a testament to the effectiveness of dollar-cost averaging, emphasizing the importance of focusing on long-term value rather than short-term price fluctuations.</p>
<p>As Saylor continues to <a href="https://cryptonewsland.com/michael-saylor-on-cnbc-bitcoins-path-to-1-million/" target="_blank" rel="noopener noreferrer nofollow">advocate for Bitcoin</a> and demonstrate his unwavering commitment to the asset, his actions serve as inspiration for investors and traders alike, highlighting the resilience and potential of cryptocurrency in the financial landscape.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/micheal-saylor-to-transition-to-executive-chairman/" rel="noopener noreferrer nofollow">Micheal Saylor to Transition to Executive Chairman</a></li>
 <li><a href="https://cryptonewsland.com/michael-saylor-bitcoin-is-the-best-performing-asset/" rel="noopener noreferrer nofollow">Michael Saylor: Bitcoin is the Best-Performing Asset</a></li>
 <li><a href="https://cryptonewsland.com/michael-saylor-responds-to-mike-tyson-chooses-bitcoin-over-ethereum/" rel="noopener noreferrer nofollow">Michael Saylor Responds to Mike Tyson, Chooses Bitcoin Over Ethereum</a></li>
 <li><a href="https://cryptonewsland.com/microstrategys-michael-saylor-accused-of-tax-fraud/" rel="noopener noreferrer nofollow">MicroStrategy’s Michael Saylor Accused of Tax Fraud</a></li>
 <li><a href="https://cryptonewsland.com/saylor-buys-the-dip-microstrategy-buys-7002-bitcoins/" rel="noopener noreferrer nofollow">Saylor Buys the Dip: MicroStrategy Buys 7,002 Bitcoins</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/1-of-bitcoins-21-million-total-supply-now-lies-with-microstrategy/" rel="noopener noreferrer nofollow">1% of Bitcoin’s 21 Million Total Supply Now Lies With MicroStrategy</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

1% of Bitcoin’s 21 Million Total Supply Now Lies With MicroStrategy

Crypto News Land

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